Siemens and Bentley announce extension of strategic alliance | Automation.com

Siemens and Bentley announce extension of strategic alliance

Siemens and Bentley announce extension of strategic alliance

August 27, 2018 - In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives. Therefore, the joint innovation investment program will be increased from the initial €50 million funding to €100 million. In addition, as a result of the continuous investment of Siemens into secondary shares of Bentley’s common stock the Siemens stake in Bentley Systems now exceeds 9%.

About Siemens

Siemens AG is a global technology company is active around the globe, focusing on the areas of electrification, automation and digitalization. Siemens is a  supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. 

About Bentley

Bentley Systems provides engineers, architects, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for advancing the design, construction, and operations of infrastructure. 

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